Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing an MDA SnapShot levels with potential buy and sell zones for you to consider executing on the day. If you would like to further discuss these trades do not hesitate to contact me directly. If you are not getting these updates sent to your inbox each morning, please subscribe HERE. To see all MDA updates (morning & intra-day levels, trade recaps, educational material) visit my blog page HERE.

Published 5/10/16 10:11 am central

Traders,

I just wanted to send a quick update to a post I made last week, when we were touching the 2030 daily support. When looking at that technical setup I said it looked as if we could see a 2nd shoulder formation coming into play. With the rejection of that level and the bullish support we are entering an area of forming the top of the second shoulder. I am not a very big follower of trading these formations independently but do look for their formations and pay attention to them. I just thought I would highlight what we saw and where we are now. As buyers who played that support should consider trailing up stops or longer term bears could consider looking to get short these levels if they do believe we will be testing the 2030 levels again. Depending on the risk and time frames that are comfortable to you this would be a longer term trade idea to the downside playing that formation. Following the TasBoxes, if we do close above the 2066 pricing today it would be an indication of a bullish breakout confirmation on the daily chart. So this is definitely an area that could see some volatility both ways.

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ES Daily Chart – Published: 5/6/16

Source: dt Pro

ES Daily Chart – Published: 5/10/16

Source: dt Pro

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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

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This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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About Andrew Pawielski

Andrew Pawielski was hired by Daniels Trading as a Series 3 registered Commodity Futures Broker. Over the years at Daniels Trading, Andrew has worked with hundreds of traders and investors worldwide in many capacities of execution, trading, teaching, and consulting. Andrew's experience and expertise is not just in full service arrangements, but also on the industry's leading managed futures, automated trading systems, and online platforms that are available to both retail and institutional clients.

Being knowledgeable and trustworthy in all execution types of the Futures industry has allowed Andrew to offer unique and specific arrangements that apply directly into his client's risk tolerances and comfort levels. Realizing the risk involved with today's modern markets, Andrew embraces the philosophy, if you're not comfortable then I'm not comfortable.

Andrew graduated from Northwood University with a double major in Business Management and Management of Information Systems with minors in Economics, Finance and Accounting.

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This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.